Invesco Municipal Trust
VKQ
71 hedge funds and large institutions have $81.9M invested in Invesco Municipal Trust in 2016 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 27 increasing their positions, 17 reducing their positions, and 5 closing their positions.
220% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 5
59% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 17
16% more funds holding
Funds holding: 61 → 71 (+10)
9% more capital invested
Capital invested by funds: $74.9M → $81.9M (+$6.95M)
2.42% more ownership
Funds ownership: 9.75% → 12.17% (+2.4%)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$6.21M |
| 2 |
Fiera Capital (Canada)
Montreal,
Quebec, Canada
|
+$3.1M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$2.28M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$1.37M |
| 5 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$1.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NVIM
New Vernon Investment Management
Highland Park,
Illinois
|
-$5.39M |
| 2 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$1.45M |
| 3 |
AGA
Accuvest Global Advisors
Provo,
Utah
|
-$1.42M |
| 4 |
VanEck Associates
New York
|
-$651K |
| 5 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$384K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BBHC
76
Brown Brothers Harriman & Co
New York
| – | -$61K | -4,425 | Closed |
|
77
Citigroup
New York
| – | -$4K | -275 | Closed |
|
VKQ Hedge Fund Activity: Q4 2016 in Review
71 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Invesco Municipal Trust (VKQ) for Q4 2016, worth a combined $81.9M — up 9.3% from $74.9M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new VKQ positions and 5 closed out — a net gain of 11 holders — while 27 added to existing stakes and 17 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $6.21M. The largest seller was New Vernon Investment Management, exiting entirely with an estimated $5.39M sold.
- 71 institutional investors held Invesco Municipal Trust (VKQ) as of Q4 2016, up from 61 in Q3 2016.
- Funds reported $81.9M of Invesco Municipal Trust stock for Q4 2016, up 9.3% quarter-over-quarter.
- 16 funds opened new Invesco Municipal Trust positions in Q4 2016 and 5 closed out, a net change of +11 holders.
- The largest Invesco Municipal Trust buyer in Q4 2016 was Rivernorth Capital Management, an estimated $6.21M added.
- The largest Invesco Municipal Trust seller in Q4 2016 was New Vernon Investment Management, an estimated $5.39M sold.
Based on aggregated 13F filings for Q4 2016.